The tax exemption provided for in MCLA § 125.1415a(1) shall not apply to any housing developments within the boundaries of the City of Flint unless a determination is made, by ordinance, that a particular housing development fits within the same class as described in § 18-4.3 to the extent, if any, that any housing development other than the housing developments described in § 18-4.1 should be construed to be granted a tax exemption and a service charge in lieu of taxes, that the tax exemption is hereby revoked on December 31, 1986, pursuant to MCLA § 125.1415a(5).
(Ord. 3010, passed 10-13-1986)